Bob: Here is a recent press release from Trio Gold... unfortunately,
I am not a gold expert, but it was recommended over LMR by my broker.
The only thing I get out of it is 6.6 million ounces of gold. Let me
know what you think. I have valued LMR at about $3.50/share based on
estimated reserves for 1 million ounces... with great upside potential
if more gold found.
Mark
REPEAT/Trio Gold updates ongoing exploration activities
CALGARY, ALBERTA and CARLIN TREND, Nev.--(BUSINESS WIRE)-- April 16, 1996--Diamond core drilling is in
progress on Trio's Rodeo Creek property located in the northern part of the gold-rich Carlin Trend, one mile northwest of the
producing Dee gold mine and four miles northwest of Barrick's Meikle Mine.
To date, two 70 degree inclined holes have been drilled to depths of 820 and 1,120 ft., respectively. These two holes were
drilled to redefine structural and stratigraphic features in search of a Meikle-type, deep, high grade gold deposit. The Meikle
deposit contains 6.6 million ounces of gold.
Currently, the third hole is drilling at a depth of 3,200 ft. in the Popovich formation and has intersected zones of collapsed
breccias, dikes and sills of various compositions, quartz stockworks and silicified sections, and importantly, carbon-rich
sulphide zones over substantial widths. The hole will be drilled through the base of the Popovich formation, estimated to be
reached at a depth of 4,000 ft.
Minorca Resources Inc. is funding the drilling and has the option to earn up to 50 percent in the Rodeo Creek property by
spending a total of US$3 million. COSTA RICA - PIGENKID PROJECT
Trio owns a 100 percent interest in a nine square kilometer mineral exploitation concession near the village of Desmonte, 45
km west of San Jose.
A gold-bearing zone has been delineated within Trio's concession that has a strike length of at least 800 meters and 300 meters
wide. This zone lies within a much larger gold-bearing zone 2 km long. Soil geochemical results define a northeast-southwest
zone that contains values up to 3,890 ppb gold/t. Several outcrops were sampled within the gold-bearing structure and assayed
up to 8,400 ppb gold/t. The newly defined gold mineralized zone is open to the northeast and southwest. Drilling will
commence as soon as equipment is available. BATTLE MOUNTAIN - EUREKA TREND, NEVADA
The Company owns a 100 percent interest in 173 claims in Eureka County, Nevada. This property is located between the
Cortez/Buckhorn gold mines to the northwest, and the Tonkin Springs/Gold Bar gold mines to the southeast. Geological
mapping is now underway, to be followed by soil sampling and a drill program. NORTHWEST TERRITORIES
The Company has an option to acquire up to a 75 percent interest in 77,400 acres located 40 km southwest of the recent
diamond discovery by Mountain Province Mining. Trio is negotiating with a third party which may result in a joint venture
option agreement.
The Alberta Stock Exchange has neither approved nor disapproved this release
CONTACT: Trio Gold Corp.
Ron Ruskowsky, 403/262-9640
403/262-9759 (FAX)
E-MAIL: trio@softnc.com
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